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Tuesday, December 24, 2013

Deals of the day- Mergers and acquisitions, (NYSE: BX), (NASDAQ: CG)

The following bids, mergers, acquisitions and disposals were reported by 1800 GMT on Tuesday: ** Private equity firm Carlyle Group LP is nearing an agreement to acquire Johnson & Johnson's ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion.** Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex, buying out U.S. private equity group Blackstone Group LP for around 1.7 billion pounds ($2.8 billion).

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.49% or $0.15/share to $31.01. In the past year, the shares have traded as low as $15.15 and as high as $31.03. On average, 4807540 shares of BX exchange hands on a given day and today's volume is recorded at 1587692.

Shares of CG traded higher by 2.15% or $0.76/share to $36.11. In the past year, the shares have traded as low as $23.85 and as high as $37.89. On average, 506397 shares of CG exchange hands on a given day and today's volume is recorded at 289057.



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